Charts Say the Stock Rally Is for Real

Technical indicators have not looked this good in a while, but Ben Bernanke and the Fed still control the market.

Ever since the market started to move higher last November, technical indicators such as volume, momentum and market leadership seemed to be at odds with the rally. The stock market went up, and that was all that mattered.

Or was it? The Federal Reserve had a lot to do with it as the Fed continued to pump liquidity in to the system via its open-ended bond-buying program (called quantitative easing or QE). As long as the printing...